NIPPON REIT Investment Corporation
Notice on Acquisition of Domestic Real Estate Trust Beneficiary Interest (WORK VILLA MYJ kanda)
The target asset is the office building “WORK VILLA MYJ kanda” in Chiyoda, Tokyo, with an expected acquisition price of 8,400 million yen. The seller is Sumitomo Corporation and one domestic operating company. The planned acquisition date is January 15, 2027, and the acquisition agreement was signed on August 20.
Key Figures
- Acquisition price (planned): 8,400 百万円
- Acquisition date (planned): 2027 年 1 月 15 日
- Appraised value: 9,180 百万円
AI要約
Purpose and overview of the acquisition
This trust aims to enhance portfolio quality by acquiring relatively new, inflation-resistant properties. The current acquisition is a new, relatively new office building in a central urban area, with Sumitomo Corporation and one domestic operating company as counterparties. The acquisition price is 8,400 million yen, and the trust beneficiary interests are planned to be acquired on January 15, 2027.
Characteristics of the acquired asset and financial impact
The asset is located in Chiyoda Ward, with a high occupancy rate (100% as of the end of July 2026). Appraised value is 9,180 million yen, with appraisals from direct capitalization and discounted cash flow methods. The investment aims to improve NOI and generate cash flow for internal growth, expecting future rent growth. The transaction involves a forward commitment, and settlement is planned to be made in a lump sum using borrowings and cash on hand.
Japan Real Estate Investment Corporation
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